WeWork’s $3 billion Chinese rival, Ucommune, has its eyes on a 2020 US IPO that could raise as much as $200 million for the communal workspace company, Bloomberg reported Thursday.
Ucommune was founded in 2015 with backing from Sequoia Capital China. The company was reportedly valued at $3 billion in a 2018 funding round.
It’s not the first time Ucommune has set a date to go public. The Information reported in February that the company hired Citigroup and JPMorgan for a 2019 IPO on Nasdaq.
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WeWork’s Chinese rival, Ucommune, has its eyes on a 2020 IPO which could raise as much as $200…

https://www.mysanantonio.com/technology/businessinsider/article/WeWork-s-3-billion-Sequoia-backed-Chinese-rival-14073591.php